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Insurance Appraiser Average Salary in Kazakhstan 2020

How much money does an Insurance Appraiser make in Kazakhstan?


Average Monthly Salary
421,000 KZT
( 5,050,000 KZT yearly)

LOW
215,000
KZT
AVERAGE
421,000
KZT
HIGH
649,000
KZT

A person working as an Insurance Appraiser in Kazakhstan typically earns around 421,000 KZT per month. Salaries range from 215,000 KZT (lowest) to 649,000 KZT (highest).

This is the average monthly salary including housing, transport, and other benefits. Insurance Appraiser salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Appraiser Salary Distribution in Kazakhstan

Median and salary distribution monthly Kazakhstan Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Kazakhstan range from 215,000 KZT per month (minimum salary) to 649,000 KZT per month (maximum salary).

  • Median Salary

    The median salary is 413,000 KZT per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 413,000 KZT while the other half are earning more than 413,000 KZT. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Insurance Appraiser(s) are earning less than 282,000 KZT while 75% of them are earning more than 282,000 KZT. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 520,000 KZT while 25% are earning more than 520,000 KZT.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Insurance Appraiser Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Kazakhstan Insurance Appraiser
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Insurance Appraiser salaries by experience level and this is what we found.

An Insurance Appraiser with less than two years of experience makes approximately 241,000 KZT per month.

While someone with an experience level between two and five years is expected to earn 315,000 KZT per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 440,000 KZT per month, 40% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 529,000 KZT per month, 20% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 575,000 KZT per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 620,000 KZT per month, 8% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Kazakhstan

0 - 2 Years
241,000 KZT
2 - 5 Years+31%
315,000 KZT
5 - 10 Years+40%
440,000 KZT
10 - 15 Years+20%
529,000 KZT
15 - 20 Years+9%
575,000 KZT
20+ Years+8%
620,000 KZT
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Insurance Appraiser Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Insurance Appraiser(s) who have the same experience but different education levels.

Salary comparison by education level monthly Kazakhstan Insurance Appraiser
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Insurance Appraiser salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Appraiser is 284,000 KZT per month.

While someone with a Bachelor's Degree gets a salary of 514,000 KZT per month, 81% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Kazakhstan

Certificate or Diploma
284,000 KZT
Bachelor's Degree+81%
514,000 KZT
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly Kazakhstan Insurance Appraiser
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Insurance Appraiser employees in Kazakhstan earn 8% more than their female counterparts on average.

Male
438,000 KZT
Female-8%
405,000 KZT
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Kazakhstan for all Careers

Salary comparison by gender monthly Kazakhstan
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Insurance Appraiser Average Annual Salary Increment Percentage in Kazakhstan

How much are annual salary increments in Kazakhstan for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in Kazakhstan are likely to observe a salary increase of approximately 11% every 20 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.

Annual Salary Increment Rate Kazakhstan Insurance Appraiser
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Kazakhstan / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Kazakhstan is 5%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Kazakhstan for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Insurance Appraiser Bonus and Incentive Rates in Kazakhstan

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Kazakhstan Insurance Appraiser
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An Insurance Appraiser is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

74% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 26% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
26%
No Bonus
74%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Insurance Appraiser Average Hourly Wage in Kazakhstan


2,430 KZT per hour

The average hourly wage (pay per hour) in Kazakhstan is 2,430 KZT. This means that the average Insurance Appraiser in Kazakhstan earns approximately 2,430 KZT for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Insurance Appraiser VS Other Jobs

Salary Comparison Between Insurance Appraiser and Insurance monthly Kazakhstan
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The average salary for Insurance Appraiser is 8% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst518,000 KZT+23%
Actuarial Assistant369,000 KZT-12%
Actuary540,000 KZT+28%
Adjustment Insurance Clerk143,000 KZT-66%
Assistant Broker255,000 KZT-39%
Assistant Claims Manager439,000 KZT+4%
Associate Insurance Representative208,000 KZT-51%
Auditing Insurance Manager576,000 KZT+37%
Broker385,000 KZT-9%
Claim Advocacy Professional389,000 KZT-8%
Claims Adjuster146,000 KZT-65%
Claims Analyst206,000 KZT-51%
Claims Examiner208,000 KZT-51%
Claims Manager570,000 KZT+35%
Claims Processor152,000 KZT-64%
Claims Representative171,000 KZT-59%
Claims Resolution Specialist422,000 KZT+0%
Claims Supervisor408,000 KZT-3%
Complaints Specialist377,000 KZT-10%
Compliance Officer319,000 KZT-24%
Consultant408,000 KZT-3%
Eligibility Specialist417,000 KZT-1%
Insurance Account Manager485,000 KZT+15%
Insurance Accounts Executive422,000 KZT+0%
Insurance Agent240,000 KZT-43%
Insurance Analyst411,000 KZT-2%
Insurance Appraiser421,000 KZT-0%
Insurance Claims Clerk143,000 KZT-66%
Insurance Examiner355,000 KZT-16%
Insurance Investigator369,000 KZT-12%
Insurance Manager684,000 KZT+62%
Insurance Operations Manager697,000 KZT+65%
Insurance Policy Processing Clerk147,000 KZT-65%
Insurance Pricing Assistant312,000 KZT-26%
Insurance Program Manager517,000 KZT+23%
Insurance Project Manager520,000 KZT+23%
Insurance Quality Assurance Agent348,000 KZT-17%
Insurance Sales Agent238,000 KZT-43%
Insurance Sales Director640,000 KZT+52%
Insurance Team Leader438,000 KZT+4%
Insurance Underwriter288,000 KZT-32%
Loss Control Specialist402,000 KZT-5%
Loss Prevention Investigator437,000 KZT+4%
Loss Prevention Manager559,000 KZT+33%
Loss Prevention Specialist413,000 KZT-2%
Marine Underwriter306,000 KZT-27%
Medical Auditor404,000 KZT-4%
Monitoring and Performance Officer285,000 KZT-32%
Payment Services Specialist421,000 KZT-0%
Policy Change Director599,000 KZT+42%
Policy Change Supervisor418,000 KZT-1%
Policy Change Technician189,000 KZT-55%
Risk Analyst446,000 KZT+6%
Risk Management Director780,000 KZT+85%
Risk Management Supervisor509,000 KZT+21%
Risk Manager765,000 KZT+82%
Risk Modeling Manager773,000 KZT+84%
Title Insurance Typist352,000 KZT-16%
Training Manager445,000 KZT+6%

Salary Comparison By City

CityAverage Salary
Almaty448,000 KZT
Astana427,000 KZT

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Kazakhstan earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
363,000 KZT
Public Sector+11%
403,000 KZT
Percentage increase and decrease are relative to the previous value

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